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Quadrant places $135m loan on Colorado apartment towers
Quadrant Real Estate Advisors has placed a $135m construction-to-permanent loan for the development of The Broe Companies' Country Club Towers II in Denver, Colorado, Real Estate Capital has learned. The 25-year loan from French multinational bank AXA carries a 64% loan-to-value, 1.69X debt-service coverage ratio and 30-year amortization with 10 years of interest-only payments.
